Thursday, July 01, 2010

G20 stands by international standards


Toronto summit backs international standards but eases pressure on timetable

The G20 group of countries has once again given its support for international accounting standards as it gathered for its latest meeting in Toronto at the weekend.

A communique issued by the summit said yesterday said: "We re-emphasized the importance of achieving a single set of high quality improved global accounting standards."

See full Article.